2907-238 Simcoe Street, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13771702
About this home
In short
- Welcome To 238 Simcoe St, Unit 2907, A Stylish 1 Bedroom + Den Suite In The Prestigious Artist Alley Condos.
- The Functional Open-Concept Layout Features A Spacious Living And Dining Area With A Walk-Out To The Private Balcony.
Welcome To 238 Simcoe St, Unit 2907, A Stylish 1 Bedroom + Den Suite In The Prestigious Artist Alley Condos! Perched On A High Floor, This Bright And Modern Residence Offers Breathtaking South-Facing City Views. The Functional Open-Concept Layout Features A Spacious Living And Dining Area With A Walk-Out To The Private Balcony. The Modern Kitchen Is Equipped With A Full Set Of Built-In Appliances And A Sleek Backsplash. The Primary Bedroom Features Floor-To-Ceiling Windows And A Mirrored Closet, While The Versatile Den Can Be Used As A Home Office Or Potential Second Bedroom. Located In The Heart Of Downtown Toronto With A Near-Perfect Walk And Transit Score, This Exceptional Location Offers Unparalleled Urban Convenience. Steps To TTC And St. Patrick Subway Station, OCAD University, The AGO, Restaurants, Parks, Hospitals, And More! Minutes To The University Of Toronto, Financial And Entertainment Districts, Nathan Phillips Square, Eaton Centre, And All That Downtown Toronto Has To Offer. An Excellent Opportunity For Professionals, Students, And Investors Alike!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13771702
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- Dundas St W / University Ave
- Parking
- 0 parking
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $546/mo
- Exposure
- South
- Days on market
- 39
- Listing brokerage
- BAY STREET INTEGRITY REALTY INC.
Rooms
laminate · south view · window floor to ceiling
backsplash · quartz counter · b/i appliances
Laminate
combined w/kitchen · laminate · w/o to balcony
combined w/kitchen · laminate · open concept
Listed at $499,000 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $478K, typically $450K to $517K. Comparable closings on their own put this home around $497K, which supports the ask, so this is a firm read.
Total price vs nearby homes. Likely closing about $478K, from 39 recent closings in this pocket.
The market behind the math:
About 2.7 months of inventory: 35 condo apartment homes for sale in the area against 39 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $908/sqft against an area asking average of $969/sqft.
How this estimate is builtthe short version
I take the 39 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 39 comparable homes that sold in Kensington-Chinatown over the past two years, from 219 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $938/sqft; this home lists at $908/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Kensington-Chinatown: $623K in September 2026, down 9% from a year ago, on 119 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $548K | 6 |
| November 2025 | $709K | 6 |
| December 2025 | $590K | 8 |
| January 2026 | $675K | 8 |
| February 2026 | $710K | 15 |
| March 2026 | $628K | 7 |
| April 2026 | $578K | 11 |
| May 2026 | $490K | 9 |
| June 2026 | $506K | 7 |
| July 2026 | $608K | 16 |
| August 2026 | $550K | 16 |
| September 2026 | $623K | 10 |
Neighbourhood & location
Kensington-Chinatown, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 21, 2026); conventional rates run a little higher.
Mortgage amount $399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,207
- Estimated property tax
- $312
- Condo / maintenance fees
- $546
- Heating
- $0
- Estimated monthly cost
- $3,065
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Toronto municipal land transfer tax
- $6,455
- Estimated closing costs
- $12,910
Plus your down payment of $99,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $132,435
- Principal paid down
- $48,775
- Interest paid
- $83,660
- Balance remaining
- $350,425
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 350 whole-home leases in Kensington-Chinatown signed at a median of $2,687 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,493. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of BAY STREET INTEGRITY REALTY INC.. MLS®/PropTx.